Nexo: What’s the Latest Regarding its Price?
At the time of this writing, Nexo has a price of $0.1117 USD, which puts it down by approximately 0.71% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.38% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. From another vantage point, note that price has gone up 5 of the past 10 days. Another data point we may find worthy of observation is that price for Nexo has increased 5 of the previous 10 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Nexo imply the currency may oscillate between $0.098536 and $0.124014, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The market capitalization of Nexo, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $63 million.
Update on Transactions and Holders
Over the past 24 hours, 199 transfers have been added to the blockchain recording transactions amongst holders of Nexo. As for the number of holders, yesterday saw the number of wallets holding Nexo increase by 30. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 73 wallets making a transfer this past day and 1,227 wallets having made a transfer in the past month.
Observing Nexo’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 109.59% of the coin’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Nexo have ownership they cannot sell at this time — but may be able to in the future. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 4.05% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.07%. Nexo’s smart contract owns approximately 0.02% of its own total money supply. This amount hasn’t changed over the past week.
Nexo’s Social Media Presence
In the past day, Nexo’s Twitter followers and Reddit subscribers went up by 8 and 5, respectively. If you are interested in following Nexo on social media, Twitter, where it has 48,762 following it, may be a good place to start. You can follow Nexo on Twitter here.
Article by SixJupiter
